The Silicone Oil market has been witnessing significant trends and developments that are shaping its trajectory in recent times. One notable trend is the growing demand for silicone oil across various industries, driven by its versatile properties and applications. Silicone oil, a type of polydimethylsiloxane (PDMS), is known for its excellent thermal stability, low toxicity, and resistance to extreme temperatures. These attributes make it a preferred choice in diverse sectors such as automotive, healthcare, cosmetics, and electronics.
In the automotive industry, silicone oil is gaining traction as a key component in the manufacturing of automotive fluids and lubricants. Its ability to withstand high temperatures and provide superior lubrication makes it an ideal choice for enhancing the performance and longevity of automotive engines. As the automotive sector continues to evolve with a focus on efficiency and sustainability, the demand for silicone oil is expected to rise further.
The healthcare and pharmaceutical industries are also driving market trends in the silicone oil sector. Silicone oil is widely used in medical devices, such as syringes and respiratory masks, due to its biocompatibility and inert nature. Additionally, it finds applications in the pharmaceutical manufacturing process, ensuring smooth operations and adherence to stringent quality standards. With an increasing emphasis on healthcare advancements and the development of novel medical devices, the silicone oil market is witnessing a steady surge in demand.
Cosmetics is another sector where silicone oil has become a prominent ingredient in various beauty and personal care products. Its lightweight and non-greasy nature make it an ideal component in skincare and hair care formulations. Silicone oil provides a smooth and silky texture to cosmetics, improving their spreadability and overall sensory experience. As consumers continue to prioritize beauty and personal care, the demand for silicone oil in this market is expected to remain robust.
The electronics industry is also contributing to the market trends of silicone oil. With the rising complexity and miniaturization of electronic components, the need for effective thermal management solutions has become paramount. Silicone oil's excellent thermal conductivity and insulating properties make it a preferred choice for cooling electronic devices. As technology advances and electronic gadgets become more sophisticated, the demand for silicone oil in the electronics sector is anticipated to witness substantial growth.
Moreover, environmental considerations are shaping the silicone oil market trends. As industries strive to adopt sustainable practices, there is a growing interest in eco-friendly alternatives, including bio-based silicone oils. These environmentally friendly options are gaining traction as companies and consumers alike prioritize products that have a reduced impact on the environment. This shift towards sustainability is expected to influence the research and development activities within the silicone oil market.
Silicon Oil Market Highlights:
Global Silicone Oil Market Overview
The silicone oil market was valued at USD 2.43 billion in 2030 and is expected to register a CAGR of 4.54% during the forecast period from 2021 to 2030.
Regional Analysis
The silicone oil market outlook has been reviewed with regards to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The Asia-Pacific region holds the largest share for the global silicone oil market in 2018 and is expected to be the fastest-growing region during the forecast period. The rapid industrialization supported by the government for refining the economy stimulates the growth of the automotive, healthcare, and
cosmetics industry. Moreover, the continuously growing population in the region and escalating interest of owning a vehicle among buyers prompting large fabrication of the automotive in the region along with the increasing concern of individuals to invest more on their health and hygiene are the primary reason for fuelling the development of silicone oil in the provincial market. Europe held the second-largest share for the global silicone oil market in 2018. This is due to the region’s active growing market in cosmetics and healthcare with a nifty GDP per capita. Which has, in turn, increased the standard of living of every individual, making them spend more on their health, which furthermore leads to more consumption of cosmetics and healthcare products. It is thereby propelling the overall growth of the regional market. The aerospace & defense and healthcare industries are driving the silicone oil in the regional market. Owing to the properties such as excellent electric insulators, thermal stability, nonflammable, and good heat transferring abilities, silicone oils are used in external coolants loops and radiators in international space stations to reject heat in space. The Middle East & Africa is witnessing a gentle growth in the global silicone oil market. Attributing to silicone oils primarily used as lubricants, thermal fluids, and hydraulic fluids there is a high requirement of these oils in the construction industries of the Middle East & Africa region for the better maintenance of there machinery. The Latin America region is witnessing slow growth in the global silicone oil market due to the growth of the automotive industry in the countries like Brazil and Mexico which uses silicon oils as lubricants and for cooling fan assemblies for there, automobiles hence increasing the growth of silicon in the regional market. Â
Key PlayersÂ
Some of the key players in the global silicon lubricant market are Merck KGaAÂ (Germany), Aurolab (India), Clearco Products Co., Inc. (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd (Japan),
Elkem Silicones (France), Momentive (US), Thermo Fisher Scientific Inc. (US), D R P Silicone (India), Evonik Industries AG (Germany), CHT UK Bridgwater Ltd (UK), BRB International (Netherlands),
Siltech Corporation (Canada), Anhui Youcheng Siliconeoil Co., Ltd (China), and China National Bluestar (Group) Co, Ltd (China).
Market Overview
Silicone oil is a transparent, non-toxic, odorless, tasteless liquid comprising of a linear chain of siloxane which is an organosilicon with the (Si-O-Si) linkage with a variety of side chains. There are different types of silicons oils, varying from each other based on their viscosity and the properties shown by them. The differences are based on their viscosity and molecular weight. Usually, silicone oils have a low specific density (0.97), high viscosity (1-5cs), low interfacial tension (35 mN/m) with a capability of being heavier or lighter than water which is dependent on the radical group attached to it. Owing to these properties, silicone oils have a significant application in the healthcare industry. For instance, the silicone oils used in Opthalmology consist of a hydrocarbon radical attached to them, moreover knowing the physical and chemical properties of silicone oil one can effectively use them in vitreoretinal surgery and intraocular tamponade. Due to the features such as good heat transferring abilities, excellent electric insulators, nonflammable and thermal stability silicon oils have found their use in diffusion pumps, oil-filled heaters, dashpots, freeze dryers, refrigerants, and others.
SegmentionBased on application, the global silicone oil market has been divided into damping fluid, thermal bath fluid, lubricant, dielectric fluid, cosmetics products, pharmaceuticals, and others. By end-use industry, the global silicone oil market has been segregated into automotive, aerospace & defense cosmetics, healthcare, and others.
Recent DevelopmentNov 2021 Following its recent launch in Hong Kong, the company behind a skin oil produced from black soldier fly larvae extract is hoping to expand into China and Macau. Insect
Beauty is a collaboration between SIBU Sea Berry Therapy, a US-based organic and clean-beauty business, and Josh Galt, an insect industry professional, based in Asia. Only one product is a youth rejuvenating face oil; a premium face oil developed to increase skin hydration while also promoting cellular healing and rejuvenation.
Feb 2021 Phase one of creating the first plant in the United States for silicone rubber recycling has been completed. ECO USA's pilot plant has grown tremendously since it first opened in 2018. It can recycle about 500 metric tonnes of silicone each month, with hopes to reach 1,000 metric tonnes in the near future. Their breakthrough comes at a critical time when the augmented use of silicone in manufacturing is causing an increase in silicone waste. The same material that would have been thrown away can now be recycled into polydimethylsiloxane, a common type of silicone oil utilized in various goods and applications, thanks to ECO USA's efforts.
Intended Audience:
- Silicone oil manufacturers
- Traders and distributors of silicone oil
- R&D sector
- Potential investors
- Raw material suppliers